Pieter VdB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Pieter VdB
Largest movements
- Receivables within one year -€50,644
down €50,644 (-68.4%), from €74,004 to €23,359
of which Other amounts receivable: -€63,253
- Cash +€4,754
up €4,754 (+6,375%), from €75 to €4,829
mainly Receivables within one year (+€50,644) and Net result for the year (+€42,024)
- Tangible fixed assets -€4,708
down €4,708 (-26.4%), from €17,838 to €13,130
of which Furniture and vehicles: -€5,985
- Profit (loss) carried forward -€67,976
down €67,976 (-95.4%), from €71,261 to €3,285
- Other debts +€7,239
up €7,239, from €0 to €7,239
- Short-term financial debts +€6,135
up €6,135 (+550%), from €1,115 to €7,250
- Tax, wage and social debts +€5,745
up €5,745 (+30.6%), from €18,798 to €24,544
- Trade debts -€1,615
down €1,615 (-64.7%), from €2,496 to €881
- Gross operating margin +€13,896
up €13,896 (+29.8%), from €46,568 to €60,464
- Taxes +€2,228
up €2,228 (+23.9%), from €9,326 to €11,554
- Depreciation +€1,485
up €1,485 (+23.9%), from €6,204 to €7,689
- Financial income +€910
up €910 (+78.9%), from €1,153 to €2,063
- Other operating charges +€737
up €737 (+311%), from €237 to €974
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,670 | €44,199 | -€50,471 | -53.3% |
| Fixed assets | 21/28 | €17,838 | €13,130 | -€4,708 | -26.4% |
| Tangible fixed assets | 22/27 | €17,838 | €13,130 | -€4,708 | -26.4% |
| Furniture and vehicles | 24 | €15,967 | €9,983 | -€5,985 | -37.5% |
| Other tangible fixed assets | 26 | €1,871 | €3,147 | +€1,277 | +68.3% |
| Current assets | 29/58 | €76,832 | €31,069 | -€45,763 | -59.6% |
| Amounts receivable within one year | 40/41 | €74,004 | €23,359 | -€50,644 | -68.4% |
| Trade receivables | 40 | €10,751 | €23,359 | +€12,609 | +117% |
| Other amounts receivable | 41 | €63,253 | €0 | -€63,253 | -100% |
| Cash at bank and in hand | 54/58 | €75 | €4,829 | +€4,754 | +6,375% |
| Deferred charges and accrued income | 490/1 | €2,754 | €2,881 | +€127 | +4.6% |
| Total equity and liabilities | 10/49 | €94,670 | €44,199 | -€50,471 | -53.3% |
| Equity | 10/15 | €72,261 | €4,285 | -€67,976 | -94.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,261 | €3,285 | -€67,976 | -95.4% |
| Amounts payable | 17/49 | €22,409 | €39,914 | +€17,505 | +78.1% |
| Amounts payable within one year | 42/48 | €22,409 | €39,914 | +€17,505 | +78.1% |
| Financial debts | 43 | €1,115 | €7,250 | +€6,135 | +550% |
| Credit institutions | 430/8 | €1,115 | €7,250 | +€6,135 | +550% |
| Trade debts | 44 | €2,496 | €881 | -€1,615 | -64.7% |
| Suppliers | 440/4 | €2,496 | €881 | -€1,615 | -64.7% |
| Taxes, remuneration and social security | 45 | €18,798 | €24,544 | +€5,745 | +30.6% |
| Taxes | 450/3 | €18,798 | €24,544 | +€5,745 | +30.6% |
| Other amounts payable | 47/48 | €0 | €7,239 | +€7,239 | |
| Non-recurring operating income | 76A | €20,520 | €0 | -€20,520 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,204 | €7,689 | +€1,485 | +23.9% |
| Other operating charges | 640/8 | €237 | €974 | +€737 | +311% |
| Gross operating margin | 9900 | €46,568 | €60,464 | +€13,896 | +29.8% |
| Operating profit (loss) | 9901 | €40,127 | €51,801 | +€11,674 | +29.1% |
| Financial income | 75/76B | €1,153 | €2,063 | +€910 | +78.9% |
| Recurring financial income | 75 | €1,153 | €2,063 | +€910 | +78.9% |
| Financial charges | 65/66B | €90 | €286 | +€196 | +217% |
| Recurring financial charges | 65 | €90 | €286 | +€196 | +217% |
| Profit (loss) for the period before taxes | 9903 | €41,190 | €53,578 | +€12,388 | +30.1% |
| Income taxes | 67/77 | €9,326 | €11,554 | +€2,228 | +23.9% |
| Profit (loss) for the period | 9904 | €31,864 | €42,024 | +€10,160 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,864 | €42,024 | +€10,160 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.